ixigo Q2 profit at Rs 63 cr on robust show in hotel booking biz - The
Ixigo reported a remarkable turnaround with a consolidated net profit of Rs 63.42 crore for the September quarter, bouncing back from a net loss of Rs 3.46 crore from last year. The surge in hotel bookings played a key role in this financial upswing, leading to operational revenue of Rs 320.96 crore.
ixigo (Le Travenues Technology Limited) on Saturday reported a consolidated net profit of Rs 63.42 crore for September quarter, aided by partial sale of stake in Freshbus and strong growth in the hotel bookings segment.The travel and ticket booking platform had posted a net loss of Rs 3.46 crore in the corresponding July-September period of the last financial year, as per a regulatory filing.Hotels emerged as ixigo's fastest-growing business line by gross transaction value (GTV), reaching Rs 111.34 crore, up 159 per cent YoY, ixigo stated.
